I. Corporate History and Positioning
Zhongce Rubber Group traces its origin to Hangzhou Chaohai Rubber Factory, established in 1958. The company is headquartered in Hangzhou, Zhejiang Province. Its business scope encompasses tire R&D, manufacturing, sales, and automotive aftermarket services. As a major producer of ZC Rubber tire products, the company has established a comprehensive industrial chain covering both passenger and commercial vehicle segments. In 2025, the company was listed on the main board of the Shanghai Stock Exchange.
II. Technology R&D and Production Systems for ZC Rubber tire
R&D Architecture: In 2024, the company launched the “Tianji” tire intelligent R&D system, which covers the collaborative optimization of six performance attributes: noise reduction, durability, safety, wet grip, energy efficiency, and intelligence. For commercial vehicle tires, the company established the “Tiangong” technology system, comprising three technical modules: “Tiangong Heijin” (Carbon Black), “Tiangong Xuanjia” (Armor), and “Tiangong Zaoyi” (Craftsmanship). These systems are applied across the company’s full product portfolio, including ZC Rubber tire lines for both original equipment and replacement markets. In 2026, the company’s joint project with Harbin Institute of Technology, titled Key Technologies and Green Intelligent Manufacturing of High-Performance Tires, received the Second-Class Award of the National Science and Technology Progress Award.
Production Facilities: The Jintan factory employs self-developed electric curing equipment, which replaces conventional steam curing technology. The facility deploys AI-assisted design, virtual simulation, intelligent production scheduling, and AI-based visual inspection systems.
III. Production Capacity and Geographic Footprint
As of the end of 2025, the company’s annual production capacity is structured as follows:
- Passenger Car Radial (PCR) tires: 80.53 million units
- Truck and Bus Radial (TBR) tires: 24.29 million units
- Specialty tires: 8.41 million units
Two-wheeler tires: 128 million units
Production bases:
- Domestic: Jintan facility, Tianjin facility
- Overseas: Thailand facility, Indonesia facility
- Planned: Vietnam facility, Mexico facility
IV. Brand Portfolio and Market Coverage
Brand Architecture: The company operates five core tire brands – Chaoyang tyre, Goodride, Westlake, Arisun, and Tianli – along with the “Zhongce Car Space” service brand. The Chaoyang tyre brand represents the company’s flagship product line and is one of the most recognized Chinese tire brands in both domestic and international markets.
Market Data:
- TBR tires: Global market share of approximately 12%; domestic market share exceeding 20%
- PCR tires: Ranked first in domestic dealership channel sales volume
- Original Equipment (OE) supply: Supplies tires to BYD, Xiaopeng, and Leapmotor; in the first half of 2026, began supplying Hongmeng Zhixing AITO M6 and Zunjie S800
- Distribution network: Covers over 160 countries and regions, with overseas sales accounting for nearly 50% of total revenue; approximately 600 tier-1 domestic distributors and over 40,000 core retail channel outlets
V. Energy and Emissions Management
The company operates under a “four-dimensional carbon reduction” management framework, encompassing upstream carbon quantification, intelligent carbon monitoring, process-based carbon reduction, and carbon recycling. It has established a waste tire resource recycling system. Products under the Westlake tyre and Arisun tyre brands are manufactured in compliance with the same environmental and quality standards applicable to all company production lines.
VI. Financial and Operational Data
For the fiscal year ending December 31, 2025, the company reported operating revenue of RMB 44.956 billion, representing a year-over-year increase of 14.52 percent. In the first half of 2026, the company generated operating revenue of RMB 23.474 billion. These figures reflect the continued revenue growth of Zhongce Rubber Group following its initial public offering on the Shanghai Stock Exchange in 2025. The company’s financial performance underscores its position as a leading manufacturer of ZC Rubber tire products in the global tire industry.
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